The July/August 2012 issue of Reactions, the global insurance and reinsurance publication, is now online.
The issue features a focus on the UK, with the cover story taking a look at the Vision 2025 plan from Lloyd’s. Market observers warn that there are challenges in meeting its goals. We also speak to Lloyd’s veteran Robert Hiscox about what he has learned in his decades in the business. Not done there, we ask what is on UK risk managers’ minds.
Elsewhere, the issue includes analysis of whether south-east Asia countries will be able to pull together to form a regional catastrophe pool, take a look at the life reinsurance market, assess the challenges ahead of Italian insurer Generali, and ask whether Russia can deliver growth.
Feature: A vision of the future for Lloyd's
Feature: The London insurance and reinsurance market has welcomed the Lloyd's Vision 2025 strategy, but warn challenges lay in store.
Interview: Robert Hiscox - A born risk taker
Profile: Robert Hiscox is leaving the industry next year and still holds a love for risk taking. But in his decades at Lloyd’s, the insurance and reinsurance veteran has learned to have a healthy respect for regulation too.
Airmic Review: Crying out for new products
Existing insurance products cannot cope with evolving cyber and reputational risks, it emerged at the recent Airmic conference of UK risk managers.
The ASEAN catastrophe risk pool conundrum
Feature: Can the ASEAN countries pull together to form a regional catastrophe risk pool to help the member countries pool their buying power to get better reinsurance rates with foreign reinsurers – or will national self interest get in the way?
Generali: Blood on the floor, uncertainty ahead
Company Analysis: The messy boardroom hit at Generali – replacing Giovanni Perissinotto with Mario Greco as CEO – has attracted attention to its relationship with shareholder Mediobanco and the uncertain financial outlook facing Italy’s biggest insurer.
Life Reinsurance: To diversity and beyond
Reinsurers such as Scor, Munich Re and Berkshire Hathaway are writing an increasing amount of life reinsurance business, with Solvency II among the drivers of demand. The line provides welcome diversification but firms need to be committed for the long haul.
Russian insurance: Consolidating, challenging
Country Profile: An AM Best special report sees the introduction of compulsory lines in Russia pick up the pace of the Russian insurance market
US outlook brighter, discipline needed - executive panel
The US property/casualty insurance and reinsurance outlook has improved but concerns about loss inflation and investments are dampening expectations, according to a panel of Swiss Re, Third Point Re, Transatlantic Re, Alterra Capital and Ironshore executives.
The AIG brand is back
Today's strong results and the move back to using the AIG name for the US insurer's property/casualty units mark an extraordinary turnaround for the firm bailed out by the US government in 2008, says Reactions' managing editor Michael Loney.
Freak weather is the new normal
Although hard to prove for individual events, climate scientists from the US and the UK have now produced so-called attribution studies that demonstrate how climate change is increasing the odds of extreme weather overall, says Reactions’ contributing editor Garry Booth.
Legal Analysis: Marine warranty surveys
There are some pitfalls to be avoided in drafting marine warranty survey clauses and matters can be complicated by the fact that the MWS, despite being a requirement of the marine insurance underwriter, is often chosen, employed and paid by the assured.
View From The Top: David Marock, Charles Taylor
Loss adjusting firm Charles Taylor hit the headlines in June, in its managing role for insurer Standard Club, by withdrawing insurance for a ship reportedly carrying arms from Russia to Syria. Its CEO discusses what happened.
Data: AIG dominates H1 capital raising
In the first half 15 insurance-related equity deals worth $19.53bn were announced, while 79 debt deals worth $41.88bn were done in the first half.
June debt issuance strong; equities slump
Data: 13 insurance-related debt deals worth $4.958bn announced in June, while no significant equity deals announced at all.
Data: $15.5bn of insurance M&A in H1
Insurance merger and acquisition deal volume and value falls in the first half of 2012 compared with both the first and second halves of 2011. Deals in the Middle East, Poland and US top the M&A table.
Insurance M&A falls in June to $1.57bn
Data: Despite deals involving Brit Insurance, Fairfax, Ace Limited and RSA, insurance mergers and acquisitions activity fell in June compared with the previous month and the same period in 2011.
RISKbitz: My Monte Carlo
The Survivor’s Guide To The Rendez-Vous de Septembre.
RISKbitz: Bermuda reinsurer appoints guy with beard
Bermuda reinsurer Gotno Capital Group has appointed Michael Finnegan as CEO. Finnegan will replace Douglas Z. Ponzi III who left the company abruptly to pursue other interests...
RISKbitz: Debby er, misses Dallas
Tabloid headline writers were disappointed with the trajectory and landfall of the latest tropical storm to hit the US. Tropical Storm Debby.